Jackson Financial Inc.

JXN 10-K · FY 2025
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Income Statement

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Income Statement
Metric FY 2025 FY 2024 YoY
Fee Income 7,983 8,083 -1.2%
Show Business Segments breakouts
Closed Life and Annuity Blocks · Operating Segments 422 443 -4.7%
Retail Annuities · Operating Segments 4,448 4,460 -0.3%
Show Consolidation Items breakouts
Corporate And Reconciling Items 4,914 4,952 -0.8%
Corporate Non Segment 44 49 -10.2%
Premiums Earned Net 149 146 +2.1%
Show Product Lines breakouts
Annuity guaranteed benefits -9 -10 +10.0%
Group Policies 67 53 +26.4%
Life Insurance Segment 91 103 -11.7%
Show Business Segments breakouts
Closed Life and Annuity Blocks · Operating Segments 91 103 -11.7%
Retail Annuities · Operating Segments 67 52 +28.8%
Show Consolidation Items breakouts
Corporate And Reconciling Items 158 155 +1.9%
Net Investment Income Excluding Funds Withheld Assets 2,296 1,838 +24.9%
Net Investment Income Funds Withheld Assets 855 1,024 -16.5%
Show Consolidation Items breakouts
Material Reconciling Items 855 1,024 -16.5%
Net Investment Income 3,151 2,862 +10.1%
Show Business Segments breakouts
Closed Life and Annuity Blocks · Operating Segments 724 659 +9.9%
Institutional Products · Operating Segments 535 438 +22.1%
Retail Annuities · Operating Segments 935 725 +29.0%
Show Financial Instrument breakouts
Debt securities, at fair value under the fair value option -20 -77 +74.0%
Policy loans 855 1,024 -16.5%
Show Consolidated Entities breakouts
Parent Company 28 25 +12.0%
Show Consolidation Items breakouts
Corporate And Reconciling Items 2,232 1,820 +22.6%
Corporate Non Segment 38 -2 +2000.0%
Gain Loss On Investments And Derivative Instruments -3,357 -6,812 +50.7%
Show Equity Components breakouts
Accumulated Net Investment Gain Loss Including Portion Attributable To Noncontrolling Interest · Reclassification Out Of Accumulated Other Comprehensive Income 11 -59 +118.6%
Aoci Gain Loss Debt Securities Available For Sale With Allowance For Credit Loss Including Noncontrolling Interest · Reclassification Out Of Accumulated Other Comprehensive Income 75 10 +650.0%
Aoci Gain Loss Debt Securities Available For Sale Without Allowance For Credit Loss Including Noncontrolling Interest · Reclassification Out Of Accumulated Other Comprehensive Income -64 -69 +7.2%
Show Consolidation Items breakouts
Material Reconciling Items -4,645 -7,904 +41.2%
Gain Loss On Funds Withheld Reinsurance Treaties -1,304 -1,052 -24.0%
Show Financial Instrument breakouts
Derivatives related to funds withheld under reinsurance treaties -1,304 -1,052 -24.0%
Gain Loss On Investments And Derivative Instruments Net -4,661 -7,864 +40.7%
Other Income 61 44 +38.6%
Show Business Segments breakouts
Closed Life and Annuity Blocks · Operating Segments 23 31 -25.8%
Retail Annuities · Operating Segments 28 32 -12.5%
Show Consolidation Items breakouts
Corporate And Reconciling Items 61 44 +38.6%
Corporate Non Segment 10 -19 +152.6%
Revenue 6,683 3,271 +104.3%
Show Business Segments breakouts
Closed Life and Annuity Blocks · Operating Segments 1,260 1,236 +1.9%
Institutional Products · Operating Segments 535 438 +22.1%
Retail Annuities · Operating Segments 5,478 5,269 +4.0%
Show Consolidated Entities breakouts
Parent Company 118 114 +3.5%
Show Consolidation Items breakouts
Corporate And Reconciling Items 7,365 6,971 +5.7%
Corporate Non Segment 92 28 +228.6%
Intersegment Elimination 98 81 +21.0%
Death Other Policy Benefits And Change In Policy Reserves Net Of Deferrals 927 868 +6.8%
Show Business Segments breakouts
Closed Life and Annuity Blocks · Operating Segments 610 573 +6.5%
Retail Annuities · Operating Segments 111 67 +65.7%
Show Consolidation Items breakouts
Corporate And Reconciling Items 721 640 +12.7%
Liability For Future Policy Benefit Remeasurement Gain Loss 44 46 -4.3%
Show Business Segments breakouts
Closed Life and Annuity Blocks · Operating Segments 64 104 -38.5%
Retail Annuities · Operating Segments -20 -54 +63.0%
Show Consolidation Items breakouts
Corporate And Reconciling Items 44 50 -12.0%
Market Risk Benefit Change In Fair Value Gain Loss 605 -3,809 +115.9%
Show Consolidation Items breakouts
Material Reconciling Items 222 -4,243 +105.2%
Interest Credited To Policyholders Account Balances 1,221 1,110 +10.0%
Show Business Segments breakouts
Closed Life and Annuity Blocks · Operating Segments 363 410 -11.5%
Institutional Products · Operating Segments 438 338 +29.6%
Retail Annuities · Operating Segments 420 362 +16.0%
Show Consolidation Items breakouts
Corporate And Reconciling Items 1,221 1,110 +10.0%
Interest Expense 100 101 -1.0%
Show Business Segments breakouts
Retail Annuities · Operating Segments 22 23 -4.3%
Show Financial Instrument breakouts
Collateral Upgrade Transactions 75 79 -5.1%
Securities Sold Under Agreements To Repurchase 45 69 -34.8%
Show Consolidated Entities breakouts
Parent Company 78 78 0.0%
Show Consolidation Items breakouts
Corporate And Reconciling Items 100 101 -1.0%
Corporate Non Segment 78 78 0.0%
Total Costs & Expenses 2,797 2,825 -1.0%
Show Consolidated Entities breakouts
Parent Company 41 46 -10.9%
Expense Income From Amortization Of Deferred Acquisition Costs 1,103 1,108 -0.5%
Show Business Segments breakouts
Closed Life and Annuity Blocks · Operating Segments 8 8 0.0%
Retail Annuities · Operating Segments 592 559 +5.9%
Show Consolidation Items breakouts
Corporate And Reconciling Items 600 567 +5.8%
Benefits Losses And Expenses 6,797 2,249 +202.2%
Show Consolidated Entities breakouts
Parent Company 119 124 -4.0%
Income Before Taxes -114 1,022 -111.2%
Show Business Segments breakouts
Closed Life and Annuity Blocks · Operating Segments 70 -9 +877.8%
Institutional Products · Operating Segments 92 96 -4.2%
Retail Annuities · Operating Segments 1,863 1,855 +0.4%
Show Consolidated Entities breakouts
Parent Company -1 -10 +90.0%
Show Consolidation Items breakouts
Corporate And Reconciling Items 1,882 1,678 +12.2%
Corporate Non Segment -143 -264 +45.8%
Income Tax Expense (Benefit) -186 46 -504.3%
Show Consolidated Entities breakouts
Parent Company 4 -3 +233.3%
Show Valuation Allowance By Deferred Tax Asset breakouts
Realized Capital Losses, Unrealized Tax Losses, Available-For-Sale Securities And Charitable Contribution Carryforward 32 — —
Net Income 72 976 -92.6%
Show Equity Components breakouts
Noncontrolling Interest 45 30 +50.0%
Parent 27 946 -97.1%
Retained Earnings 27 946 -97.1%
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts
Reclassification Out Of Accumulated Other Comprehensive Income 11 -57 +119.3%
Net Income Loss Attributable To Noncontrolling Interest 45 30 +50.0%
Net Income 27 946 -97.1%
Show Consolidated Entities breakouts
Parent Company 27 946 -97.1%
Preferred Stock Dividends And Other Adjustments 44 44 0.0%
Show Consolidated Entities breakouts
Parent Company 44 44 0.0%
Net Income Loss Available To Common Stockholders Basic -17 902 -101.9%
Show Consolidated Entities breakouts
Parent Company -17 902 -101.9%
Net Income Loss Available To Common Stockholders Diluted -17 902 -101.9%
Show Consolidated Entities breakouts
Parent Company -17 902 -101.9%
EPS (Basic) -0.24 11.86 -102.0%
EPS (Diluted) -0.24 11.74 -102.0%
General & Administrative 1,067 1,120 -4.7%
Show Business Segments breakouts
Closed Life and Annuity Blocks · Operating Segments 112 106 +5.7%
Institutional Products · Operating Segments 5 4 +25.0%
Retail Annuities · Operating Segments 786 788 -0.3%
Show Consolidation Items breakouts
Corporate And Reconciling Items 1,067 1,120 -4.7%
Corporate Non Segment 164 222 -26.1%
Comprehensive Income 1,079 232 +365.1%
Wtd Avg Shares (Basic) 70,978,898 76,049,665 -6.7%
Wtd Avg Shares (Diluted) 71,186,069 76,809,387 -7.3%
Gain Loss On Investments -116 -11 -954.5%
Policyholder Benefits And Claims Incurred Net 927 868 +6.8%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 5,704 3,767 +51.4%
Show Consolidated Entities breakouts
Parent Company 654 712 -8.1%
Non-Current Assets
Equity Securities Fv Ni Current And Noncurrent 172 197 -12.7%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 10 9 +11.1%
Fair Value Inputs Level2 155 181 -14.4%
Fair Value Inputs Level3 7 7 0.0%
Fair Value Inputs Level3 · External 6 6 0.0%
Fair Value Inputs Level3 · Internal 1 1 0.0%
Show Consolidated Entities breakouts
Variable Interest Entity Not Primary Beneficiary 21 19 +10.5%
Variable Interest Entity Primary Beneficiary 6 6 0.0%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 172 197 -12.7%
Estimate Of Fair Value Fair Value Disclosure 172 197 -12.7%
Deferred Tax Assets 719 480 +49.8%
Show Consolidated Entities breakouts
Parent Company 4 5 -20.0%
Total Assets 352,586 338,450 +4.2%
Show Business Segments breakouts
Closed Life and Annuity Blocks · Operating Segments 26,988 26,700 +1.1%
Institutional Products · Operating Segments 12,869 9,332 +37.9%
Retail Annuities · Operating Segments 307,225 296,621 +3.6%
Show Consolidated Entities breakouts
Parent Company 11,703 11,507 +1.7%
Variable Interest Entity Primary Beneficiary 3,888 3,284 +18.4%
Show Consolidation Items breakouts
Corporate Non Segment 5,504 5,797 -5.1%
Operating Lease Right-of-Use Assets 54 20 +170.0%
Other Assets
Financing Receivable Fair Value Option 324 449 -27.8%
Derivative Assets 448 297 +50.8%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 448 297 +50.8%
Show Financial Instrument breakouts
Derivative Financial Instruments Assets 2,200 2,611 -15.7%
Derivatives related to funds withheld under reinsurance treaties 1,770 2,371 -25.3%
Derivatives related to funds withheld under reinsurance treaties · Cross Currency Interest Rate Contract 11 18 -38.9%
Derivatives related to funds withheld under reinsurance treaties · Cross-currency forwards 7 39 -82.1%
Derivatives related to funds withheld under reinsurance treaties · Funds withheld embedded derivative 1,752 2,314 -24.3%
Freestanding derivatives 430 240 +79.2%
Freestanding derivatives · Bond forwards 161 — —
Freestanding derivatives · Cross Currency Interest Rate Contract 133 121 +9.9%
Freestanding derivatives · Equity index put options 114 77 +48.1%
Freestanding derivatives · Total Return Swap 22 39 -43.6%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 448 297 +50.8%
Estimate Of Fair Value Fair Value Disclosure 448 297 +50.8%
Other Investments 3,185 2,864 +11.2%
Show Financial Instrument breakouts
Investment In Federal Home Loan Bank Stock 119 127 -6.3%
Partnership Interest 2.8 2.5 +12.0%
Real Estate 230 232 -0.9%
Real Estate, Foreclosed Properties 20 14 +42.9%
Show Consolidated Entities breakouts
Parent Company 11 — —
Variable Interest Entity Primary Beneficiary 979 620 +57.9%
Investments 69,233 61,007 +13.5%
Accrued Investment Income Receivable 634 529 +19.8%
Show Consolidated Entities breakouts
Parent Company 2 3 -33.3%
Deferred Policy Acquisition Costs 11,660 11,887 -1.9%
Show Product Lines breakouts
RILA 637 399 +59.6%
Variable Annuity 10,810 11,314 -4.5%
Reinsurance Recoverables 19,518 21,830 -10.6%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level3 118 121 -2.5%
Fair Value Inputs Level3 · Internal 118 121 -2.5%
Fair Value Inputs Level3 · Valuation Technique Discounted Cash Flow 118 121 -2.5%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 118 121 -2.5%
Estimate Of Fair Value Fair Value Disclosure 118 121 -2.5%
Market Risk Benefit Reinsurance Recoverable After Allowance 118 121 -2.5%
Show Product Lines breakouts
Product And Service Other 77 59 +30.5%
Variable Annuity 41 62 -33.9%
Market Risk Benefit Asset Amount 7,867 8,899 -11.6%
Show Product Lines breakouts
Product And Service Other 4 5 -20.0%
Variable Annuity 7,863 8,894 -11.6%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level3 7,867 8,899 -11.6%
Fair Value Inputs Level3 · Internal 7,867 8,899 -11.6%
Fair Value Inputs Level3 · Valuation Technique Discounted Cash Flow 7,867 8,899 -11.6%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 7,867 8,899 -11.6%
Estimate Of Fair Value Fair Value Disclosure 7,867 8,899 -11.6%
Other Assets 637 787 -19.1%
Show Consolidated Entities breakouts
Parent Company 1 4 -75.0%
Variable Interest Entity Primary Beneficiary 51 51 0.0%
Separate Account Assets 236,496 229,143 +3.2%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 236,496 229,143 +3.2%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 236,496 229,143 +3.2%
Estimate Of Fair Value Fair Value Disclosure 236,496 229,143 +3.2%
Show Separate Account Asset Category breakouts
Balanced 43,317 42,909 +1.0%
Bond 19,711 19,486 +1.2%
Money Market 2,332 2,552 -8.6%
Other Product Lines 90 292 -69.2%
Separate Account Equity Security 171,046 163,904 +4.4%
Total Variable Annuities 236,406 228,851 +3.3%
Current Liabilities
Commercial Paper (Q) — — —
Show Debt Instrument breakouts
Agreement-Backed Commercial Paper Program 626 — —
Non-Current Liabilities
Long-Term Debt 2,030 2,034 -0.2%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 · Portion At Other Than Fair Value Fair Value Disclosure 1,877 1,836 +2.2%
Show Debt Instrument breakouts
3.125% Senior Notes due 2031 · Parent Company 496 497 -0.2%
3.125% Senior Notes due 2031 · Senior Notes 496 497 -0.2%
4.000% Senior Notes due 2051 · Parent Company 490 490 0.0%
4.000% Senior Notes due 2051 · Senior Notes 490 490 0.0%
5.170% Senior Notes due 2027 · Parent Company 399 398 +0.3%
5.170% Senior Notes due 2027 · Senior Notes 399 398 +0.3%
5.670% Senior Notes due 2032 · Parent Company 348 347 +0.3%
5.670% Senior Notes due 2032 · Senior Notes 348 347 +0.3%
FABN Funding Agreements · Medium Term Notes 8 5.9 +35.6%
Show Fair Value By Measurement Basis breakouts
Portion At Other Than Fair Value Fair Value Disclosure 1,877 1,836 +2.2%
Show Long-Term Debt Type breakouts
FHLBI bank loans due 2034 & 2035 47 52 -9.6%
Surplus notes due 2027 250 250 0.0%
Total Liabilities 342,244 328,468 +4.2%
Show Consolidated Entities breakouts
Parent Company 1,750 1,743 +0.4%
Variable Interest Entity Primary Beneficiary 2,836 2,622 +8.2%
Other Liabilities
Debt Securities Available For Sale Excluding Accrued Interest 47,321 40,289 +17.5%
Show Consolidated Entities breakouts
Parent Company 26 — —
Debt Securities Fair Value Option 3,470 3,046 +13.9%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 2,698 2,429 +11.1%
Financing Receivable Excluding Accrued Interest And Fair Value Option After Allowance For Credit Loss 9,887 9,462 +4.5%
Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense 10,896 11,072 -1.6%
Other Policyholder Funds 67,663 58,312 +16.0%
Show Product Lines breakouts
Closed Block Annuity 1,057 1,149 -8.0%
Closed Block Life 10,494 10,750 -2.4%
Fixed Annuity 9,494 9,615 -1.3%
Fixed Index Annuities 7,946 8,515 -6.7%
Institutional Products 11,021 8,384 +31.5%
Other Product Lines 164 164 0.0%
Payout Annuity 854 844 +1.2%
RILA 20,282 11,685 +73.6%
Variable Annuity 6,351 7,206 -11.9%
Market Risk Benefit Liability Amount 3,754 3,774 -0.5%
Show Product Lines breakouts
Product And Service Other 156 56 +178.6%
Variable Annuity 3,598 3,718 -3.2%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level3 3,754 3,774 -0.5%
Fair Value Inputs Level3 · Internal 3,754 3,774 -0.5%
Fair Value Inputs Level3 · Valuation Technique Discounted Cash Flow 3,754 3,774 -0.5%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 3,754 3,774 -0.5%
Estimate Of Fair Value Fair Value Disclosure 3,754 3,774 -0.5%
Funds Held Under Reinsurance Agreements Liability 14,960 16,742 -10.6%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level3 1,971 1,353 +45.7%
Fair Value Inputs Level3 · Internal 1,971 1,353 +45.7%
Show Balance Sheet Location breakouts
Funds held under reinsurance treaties 14,960 16,742 -10.6%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 14,960 16,742 -10.6%
Estimate Of Fair Value Fair Value Disclosure 14,960 16,742 -10.6%
Securities Sold Under Agreements To Repurchase And Securities Loaned 1,036 1,554 -33.3%
Obligation To Return Securities Received As Collateral 58 150 -61.3%
Derivative Liabilities (Q) — — —
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 · Freestanding derivatives 257 — —
Show Financial Instrument breakouts
Derivative Financial Instruments Liabilities 7,163 4,303 +66.5%
Derivatives related to funds withheld under reinsurance treaties 22 12 +83.3%
Derivatives related to funds withheld under reinsurance treaties · Cross Currency Interest Rate Contract 1 1 0.0%
Derivatives related to funds withheld under reinsurance treaties · Cross-currency forwards 21 11 +90.9%
Embedded Derivative Financial Instruments 6,906 3,942 +75.2%
Embedded Derivative Financial Instruments · Fixed index annuity embedded derivatives 863 877 -1.6%
Embedded Derivative Financial Instruments · Registered index-linked annuity embedded derivatives 6,043 3,065 +97.2%
Freestanding derivatives 235 349 -32.7%
Freestanding derivatives · Bond forwards 78 21 +271.4%
Freestanding derivatives · Cross Currency Interest Rate Contract 114 151 -24.5%
Freestanding derivatives · Total Return Swap 43 — —
Show Derivative Risk breakouts
Derivative deferred premium payable 277 — —
Freestanding derivatives 257 361 -28.8%
Freestanding derivatives · Carrying Reported Amount Fair Value Disclosure 257 361 -28.8%
Freestanding derivatives · Estimate Of Fair Value Fair Value Disclosure 257 361 -28.8%
Other Liabilities (Q) — — —
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 · Related Party 2,578 2,343 +10.0%
Show Consolidated Entities breakouts
Parent Company 17 11 +54.5%
Variable Interest Entity Primary Beneficiary 258 279 -7.5%
Variable Interest Entity Primary Beneficiary · Carrying Reported Amount Fair Value Disclosure 2,578 2,343 +10.0%
Variable Interest Entity Primary Beneficiary · Estimate Of Fair Value Fair Value Disclosure 2,578 2,343 +10.0%
Variable Interest Entity Primary Beneficiary · Related Party 2,578 2,343 +10.0%
Show Related Party Transactions By Related Party breakouts
Nonrelated Party 2,516 2,983 -15.7%
Related Party 2,578 2,343 +10.0%
Separate Accounts Liability 236,496 229,143 +3.2%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 · Portion At Other Than Fair Value Fair Value Disclosure 236,496 229,143 +3.2%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 236,496 229,143 +3.2%
Estimate Of Fair Value Fair Value Disclosure 236,496 229,143 +3.2%
Portion At Other Than Fair Value Fair Value Disclosure 236,496 229,143 +3.2%
Show Separate Account Asset Category breakouts
Total Variable Annuities 236,406 228,851 +3.3%
Stockholders' Equity
Preferred Stock Value 533 533 0.0%
Show Consolidated Entities breakouts
Parent Company 533 533 0.0%
Common Stock 1 1 0.0%
Show Consolidated Entities breakouts
Parent Company 1 1 0.0%
Additional Paid-In Capital 6,063 6,046 +0.3%
Show Consolidated Entities breakouts
Parent Company 6,063 6,046 +0.3%
Treasury Stock Common Value -1,645 -1,007 -63.4%
Show Consolidated Entities breakouts
Parent Company -1,645 -1,007 -63.4%
Accumulated Other Comprehensive Income -2,470 -3,522 +29.9%
Show Consolidated Entities breakouts
Parent Company -2,470 -3,522 +29.9%
Retained Earnings 7,471 7,713 -3.1%
Show Consolidated Entities breakouts
Parent Company 7,471 7,713 -3.1%
Total Stockholders' Equity 9,953 9,764 +1.9%
Minority Interest 389 218 +78.4%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 10,342 9,982 +3.6%
Show Financial Instrument breakouts
Policy loans · Accumulated Other Comprehensive Income -1,269 -1,597 +20.5%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -2,470 -3,522 +29.9%
Additional Paid In Capital 6,063 6,046 +0.3%
Common Stock 1 1 0.0%
Noncontrolling Interest 389 218 +78.4%
Parent 9,953 9,764 +1.9%
Preferred Stock 533 533 0.0%
Retained Earnings 7,471 7,713 -3.1%
Treasury Stock Common -1,645 -1,007 -63.4%
Show Consolidated Entities breakouts
Parent Company 9,953 9,764 +1.9%
Variable Interest Entity Primary Beneficiary 389 218 +78.4%
Total Liabilities & Equity 352,586 338,450 +4.2%
Show Consolidated Entities breakouts
Parent Company 11,703 11,507 +1.7%
Loans Insurance Policy 4,426 4,403 +0.5%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level3 3,537 3,489 +1.4%
Fair Value Inputs Level3 · Internal 3,537 3,489 +1.4%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 4,426 4,403 +0.5%
Estimate Of Fair Value Fair Value Disclosure 4,426 4,403 +0.5%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Realized Investment Gains Losses 116 11 +954.5%
Show Consolidation Items breakouts
Material Reconciling Items 44 11 +300.0%
Derivative Gain Loss On Derivative Net 3,241 6,801 -52.3%
Show Financial Instrument breakouts
Policy loans 52 -33 +257.6%
Show Consolidation Items breakouts
Material Reconciling Items 1,213 5,856 -79.3%
Net Gains Losses On Funds Withheld Payable Under Reinsurance Treaties 1,304 1,052 +24.0%
Show Financial Instrument breakouts
Policy loans 1,132 974 +16.2%
Interest Credited To Policy Owner Account 1,221 1,110 +10.0%
Mortality Expense And Surrender Charges -521 -545 +4.4%
Accretion Amortization Of Discounts And Premiums Investments -39 -33 -18.2%
Deferred Income Taxes -173 294 -158.8%
Stock-Based Compensation 132 191 -30.9%
Increase Decrease In Accrued Investment Income Receivable -105 -17 -517.6%
Increase Decrease In Deferred Policy Acquisition Costs 227 415 -45.3%
Increase Decrease In Funds Held Under Reinsurance Agreements 116 211 -45.0%
Increase Decrease In Future Policy Benefits -421 -777 +45.8%
Increase Decrease In Other Operating Capital Net -61 -133 +54.1%
Show Consolidated Entities breakouts
Parent Company 17 58 -70.7%
Net Cash from Operations 5,758 5,793 -0.6%
Show Consolidated Entities breakouts
Parent Company 12 51 -76.5%
Investing Activities
Proceeds From Sale And Maturity Of Debt Securities 8,413 10,524 -20.1%
Proceeds From Sale Of Equity Securities Fv Ni 46 289 -84.1%
Proceeds From Sale And Collection Of Finance Receivables 1,641 1,783 -8.0%
Payments To Acquire Debt Securities -14,541 -11,718 -24.1%
Show Consolidated Entities breakouts
Parent Company -33 — —
Payments To Acquire Equity Securities Fv Ni -21 -16 -31.2%
Payments To Acquire Finance Receivables -1,950 -1,132 -72.3%
Payments For Proceeds From Derivative Instruments And Collateral On Investments -1,106 -6,481 +82.9%
Other Investing Activities -238 -339 +29.8%
Show Consolidated Entities breakouts
Parent Company -12 -1 -1100.0%
Net Cash from Investing -7,756 -7,090 -9.4%
Show Consolidated Entities breakouts
Parent Company -45 -1 -4400.0%
Debt Securities Acquired From Noncash Transactions 323 50 +546.0%
Financing Activities
Additions To Contract Holders Funds 27,355 20,122 +35.9%
Withdrawal From Contract Holders Funds -42,245 -39,372 -7.3%
Transfers From To Separate Accounts 20,761 19,892 +4.4%
Proceeds From Payments For In Securities Sold Under Agreements To Repurchase -516 1,532 -133.7%
Payments Of Proceeds From F H L Bank Borrowings Financing Activities -700 450 -255.6%
Amortization Of Settlements Related Deferred Premium On Derivatives -114 — —
Repayments Of Other Debt -5 -5 0.0%
Proceeds From Issuance Of Long Term Debt 736 948 -22.4%
Repayments Of Long Term Debt -527 -526 -0.2%
Proceeds From Contributions From Affiliates 126 29 +334.5%
Payments Of Distributions To Affiliates (FY) — — —
Show Consolidated Entities breakouts
Parent Company 1,025 785 +30.6%
Payments Of Dividends Common Stock -223 -211 -5.7%
Show Consolidated Entities breakouts
Parent Company -223 -211 -5.7%
Payments Of Dividends Preferred Stock And Preference Stock -44 -44 0.0%
Show Consolidated Entities breakouts
Parent Company -44 -44 0.0%
Share Repurchases -669 -442 -51.4%
Show Consolidated Entities breakouts
Parent Company -669 -442 -51.4%
Net Cash from Financing 3,935 2,373 +65.8%
Show Consolidated Entities breakouts
Parent Company -25 63 -139.7%
Non Cash Dividend Equivalents On Stock Based Awards -5 -5 0.0%
Show Consolidated Entities breakouts
Parent Company -5 -5 0.0%
Supplemental
Income Taxes Paid -97 -8 -1112.5%
Interest Paid 233 263 -11.4%
Other Cash Flow
Net Change in Cash 1,937 1,076 +80.0%
Show Consolidated Entities breakouts
Parent Company -58 113 -151.3%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 5,704 3,767 +51.4%
Show Consolidated Entities breakouts
Parent Company 654 712 -8.1%

Values in millions USD. Source: SEC EDGAR 10-K filing.

This table is rendered from the same JSON returned by /api/financials.

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